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    Financial Accounting Study Set 19
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    Exam 3: The Accounting Cycle: End of the Period
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    The Closing Entry for Dividends Includes a Debit to the Dividends
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The Closing Entry for Dividends Includes a Debit to the Dividends

Question 12

Question 12

True/False

The closing entry for dividends includes a debit to the Dividends account and a credit to Retained Earnings.The closing entry for dividends includes a debit to Retained Earnings and a credit to the Dividends account.

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